Aeromexico continues a steady recovery in Q2

Grupo Aeromexico, the parent company of Mexico’s legacy carrier, says the airline continued steadily recovering from the coronavirus crisis during Q2 of the year, as both domestic and international travel contributed to narrowing its financial loss. “Aeromexico has been successful in managing its network on a flight-by-flight basis ensuring that its operations are cash generative,” the company says on 20 July. In Q2 2021, total revenue at the Mexico City-based airline came in at Ps10b ($496m), up from Ps2.6b during the same quarter in 2020. Still, that’s down 41% from Ps16.8b in the same three months of 2019, the carrier says. The company’s net loss for the April to June period was Ps.2.8b, compared to Ps27.4b during the same quarter a year earlier, just as the global health crisis was ravaging the industry. While an improvement, the 2021 loss is still more than one-and-a-half times the Ps1.1b loss reported in Q2 2019. The airline’s capacity (measured in available seat kilometres - ASKs) during the period increased 9% from Q1 of the year, “primarily driven by a sequential recovery in domestic and international markets”.<br/>